T timestamp Guest 20 Apr 2010 #1 Is it possible to open a foreign bank account and deposit money in a country with much higher deposit interest rates?
Is it possible to open a foreign bank account and deposit money in a country with much higher deposit interest rates?
H huskerdu Registered User Messages 2,546 21 Apr 2010 #2 Yes, once you obey the tax laws of both countries wrt transferring money to the other country, paying tax on the interest and repatriating the money afterwards.
Yes, once you obey the tax laws of both countries wrt transferring money to the other country, paying tax on the interest and repatriating the money afterwards.